💨 Abstract
The Asian Development Bank (ADB) forecasts India's economic growth at 7% for FY2024 and 7.2% for FY2025. ADB attributes this to robust performance in the industry and services sectors, strong agricultural growth due to an above-average monsoon, and increased labor demand from government employment-linked incentives. The report also anticipates consumer inflation at 4.7%
Courtesy: theprint.in
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